540 3rd St, Richmond, California 94801, Richmond, - bed, bath
ACTIVE$505,000
540 3rd St, Richmond, California 94801
3Beds
2Baths
963Sqft
2,700Lot
Year Built
1906
Close
-
List price
$505K
Original List price
$505K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41109904
Home ConditionPoor
Features
View-
About this home
Come and see this cozy 3 bedrooms 2 bathroom home, close to Bart, stores Kaiser hospital, Restaurants and more.
Nearby schools
3/10
Peres Elementary School
Public,•K-6•0.3mi
3/10
Lincoln Elementary School
Public,•K-6•0.5mi
3/10
Washington Elementary School
Public,•K-6•1.3mi
1/10
Lovonya Dejean Middle School
Public,•7-8•1.6mi
1/10
Helms Middle School
Public,•7-8•2.1mi
4/10
Fred T. Korematsu Middle School
Public,•7-8•4.0mi
3/10
Richmond High School
Public,•9-12•1.4mi
2/10
Kennedy High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
08/31/25
Listing
$505,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (51 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 963 | 1,146 | 25% |
| Lot Size | 2,700 | 3,902 | 21% |
| Price | $505K | $550K | 37% |
| Price per square foot | $524 | $425.5 | 73% |
| Built year | 1906 | 9720974 | 6% |
| HOA | |||
| Days on market | 66 | 176 | 10% |
Condition Rating
Poor
The property was built in 1906, making it 118 years old. While the exterior appears to have been maintained with fresh paint and a seemingly decent roof, there are no interior images provided, especially for the kitchen and bathrooms. For a home of this age, the absence of interior photos strongly suggests that these critical areas, along with major systems (plumbing, electrical, HVAC), are significantly outdated, likely requiring substantial repairs and rehabilitation to meet modern standards. It is probable that any renovations were done 30-50+ years ago, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Prime Location & Accessibility: The property boasts a highly convenient location, explicitly noted as being close to BART, various stores, Kaiser hospital, and numerous restaurants, enhancing daily living and commute options.
Functional Bedroom/Bathroom Count: Offering 3 bedrooms and 2 bathrooms, the home provides a practical and desirable layout suitable for small families, couples, or individuals seeking extra space.
Single-Family Home Status: As a single-family residence, the property offers privacy, potential for greater appreciation, and typically avoids the complexities and fees associated with homeowners' associations.
Established Neighborhood: Built in 1906, the home is situated in an established area, suggesting a mature community with existing infrastructure and a sense of neighborhood character.
Entry-Level Price Point (Regional): At $505,000, this 3-bedroom, 2-bathroom single-family home represents a relatively accessible entry point into the competitive Bay Area real estate market, appealing to first-time buyers or those seeking value.
Cons
Listed Above Estimated Value: The current listing price is 9% higher than the property's estimated market value, which may present a challenge in attracting buyers or could lead to extended negotiation periods.
Advanced Age of Property: Constructed in 1906, the home is over a century old, potentially requiring significant investment in updating major systems (plumbing, electrical, HVAC) and general modernization to meet contemporary standards.
Compact Living Space & Lot: With 963 square feet of living space and a 2700 square foot lot, the property offers limited interior room and minimal outdoor area, which may not appeal to buyers desiring more spacious living or a larger yard.